After months and months of mortgage forbearance assistance from banks, the program is coming to an end. Also, the foreclosure moratorium is now in action and homes could officially be foreclosed on by banks. This is huge because homeowners who were not making their payments to the banks and continue to not do so can NOW get foreclosed on.
In this video I share with you how foreclosures surged 69% compare to the last month and what this means for home prices. Everyone is wanting a housing market crash to happen or something that could balance house prices. Affordability has become difficult for many as house prices keep getting more expensive.
We have seen appreciation year over year of 15-25% in some areas which is UNHEARD of! Those are some crazy numbers but we are seeing it across the board.
Tune in this video as I share with you foreclosure crisis updates and what this foreclosure surge can mean for the housing market.
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DISCLAIMER: I am not a CPA, attorney, insurance, or financial advisor and the information in these videos shall not be construed as tax, legal, insurance, construction, engineering, health and safety, electrical or financial advice. IF stocks or companies are mentioned, Karam MAY have an ownership interest in them
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DO NOT make buying or selling decisions based on Karam’s videos. If you need ANY professional advice, please contact a qualified CPA, attorney, insurance agent, contractor/electrician/engineer/etc. financial advisor or the appropriate professional for the subject you would like help with. Linked items may create a financial benefit for Karam Khalil. Any use of other media is by fair-use only.This is not an advertisement of property for sale and any mention of properties listed for sale or otherwise shall not be construed as anything other than an opinion for entertainment purposes only.
#Housing #Crisis #Foreclosures